Brown Gibbons Lang & Company (BGL), the United States office of Global M&A, together with its German partner, InterFinanz GmbH, today announced the sale of Metallurgica to Cookson Group plc (LKE: CKSN) (Cookson). InterFinanz served as financial advisor to Metallurgica. Cookson acquired 100 percent of the outstanding shares of Metallurgica in the transaction. The acquisition included the operations of Metallurgica Beteiligungsesellschaft mbH and Metallurgica Gesellschaft fur Huttenwerkstechnik mbH & Co. KG, based in Mülheim an der Ruhr, Germany, and Metallurgica North America, LP, based in Canfield, Ohio.
Founded in 1957, Metallurgica is one of the world’s leading suppliers of metallurgical fluxes, which are mineral powders used alongside refractory products to absorb impurities and help lubricate and prevent oxidation in molten steel during the production process. The company supplies products to over 350 customers in 45 countries and generated revenue of approximately $62 million in 2011.
Metallurgica will be integrated into Cookson’s Engineered Ceramics division, whose subsidiary company Vesuvius Group SA, is a leading supplier of advanced consumable refractory products and systems to the global steel and foundry industries and specialty products to the glass and solar industries. The buy is expected to add to the company’s capabilities in Steel Flow Control products and services and furthers its strategy of pursuing bolt-on acquisitions in its core markets. The transaction follows on the November 2011 purchase of SERT, a provider of automation systems for molten metals processes based in France. UK-based Cookson is a leading materials science company providing advanced consumable materials and technologies used in industrial production processes, notably for the steel, foundry castings, and electronics markets and emerging sectors such as solar and LED. The company reported revenue of $4.4 billion and EBITDA of $535.8 million in 2011.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers & acquisitions advisory services, debt & equity placements, financial restructuring advice, and valuations & financial opinions, with dedicated industry teams in healthcare, consumer, business services, basic industrials and real estate. BGL has offices in Chicago and Cleveland, and is the lead U.S. shareholder in Global M&A, the world’s leading partnership of independent middle market financial advisory firms focusing on cross-border transactions. For more information, www.bglco.com.
Global M&A is one of the world’s leading independent M&A advisory firms. Specialized in the middle market, we provide support and opportunities locally and internationally for clients buying or selling companies as well as financings, corporate restructurings, and other corporate finance transactions. For more information, Global M&A.